(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows...
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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows (see below). If the project's appropriate discount rate is 12 percent, what is the project's discounted payback period?
Year
Project Cash Flow
0
$(150) Million
1
$95 Million
2
$65 Million
3
$95 Million
4
$110 Million
The project's discounted payback period is ____years. (Round to two decimal places.)
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